Deployments · Broadridge Distributed Ledger Repo (DLR) · platform by Broadridge

Broadridge DLR and Fnality real-time intraday repo settlementUpdated 7 Nov 2026

Interoperability work linking Broadridge's Distributed Ledger Repo with Fnality's payment system, so intraday repo agreed on DLR could settle delivery-versus-payment against a digital form of central bank money. The April 2025 announcement describes it as paving the way rather than live. In January 2026 Broadridge still described intraday repo on DLR as its next step, and no live settlement over Fnality had been reported by October 2026.

Proof of concept since 9 Apr 2025^[1]i — Demonstrated interoperability; no live settlement reported as of 2026-10-12. · Reviewed 25d ago i

Assets

Stablecoin^[1]

Digital representation of central bank funds on Fnality's system

Networks

Broadridge DLR ledger Private, permissioned^[1]

Fnality Payment System Private, permissioned^[1]

Use cases i

Intraday repo^[1]Delivery versus payment (DvP)^[1]

Jurisdictions

United States, United Kingdom, European Union

Participants

• BroadridgePlatform provider, Operator, Technology provider^[1]United States
• FnalityCash leg provider^[1]United Kingdom
• RWA.xyzClient or user^[3]Estonia

Likely relevant regulation i

• US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activitiesUnited States

Moves across networks

• direct linkAtomic swap or settlementBroadridge DLR ledger ↔ Fnality Payment System^[1]Demonstrated interoperability; no live settlement reported.

Timeline

1. Happened 28 Jan 2026 · Announcement · recorded 12 Oct 2026
   Broadridge names intraday repo and collateral mobility as the next step for DLR, citing the 2025 Fnality interoperability work, with no live Fnality settlement reported.^[2]
2. Happened 9 Apr 2025 · Announcement · recorded 11 Oct 2026
   Broadridge and Fnality complete work showing DLR and Fnality's payment system can interoperate for intraday repo.^[1]

Sources i